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Furnace burners for liquid fuel, for pulverised solid fuel or for gas; mechanical grates, mechanical ash dischargers and similar appliances

8416 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.63BRnk 698 / 1217
2023
Top Exporter | Top Importer $565M | $292MGermany | Indonesia
2023
Product Complexity 1.14Rnk 133 / 1044
2022 - 2023
Export Growth (CAGR) 6.39%Rnk 219 / 1217
2023
Share of World Trade 0.012%Rnk 698 / 1217

About

Overview This page contains the latest trade data of Liquid Fuel Furnaces. In 2023, Liquid Fuel Furnaces were the world's 698th most traded product, with a total trade of $2.63B. Between 2022 and 2023 the exports of Liquid Fuel Furnaces grew by 6.39%, from $2.48B to $2.63B. Trade in Liquid Fuel Furnaces represent 0.012% of total world trade.

Liquid Fuel Furnaces are a part of Machinery, mechanical appliances, & parts. They include Parts of furnace burners, associated equipment, Furnace burners for solid, gas or combination fuel, Furnace burners for liquid fuel, and Mechanical stokers, grates, ash dischargers, etc.

Exports In 2023 the top exporters of Liquid Fuel Furnaces  were Germany ($565M), Italy ($363M), South Korea ($249M), China ($224M), and United States ($222M).

Imports In 2023 the top importers of Liquid Fuel Furnaces were Indonesia ($292M), United States ($212M), Germany ($175M), China ($141M), and Turkey ($102M).

Ranking Liquid Fuel Furnaces ranks 133rd in the Product Complexity Index (PCI).

Description Furnace burners are used to heat a furnace. They can be made from many different materials, including cast iron, steel, and aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Liquid Fuel Furnaces. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$565M
Top Destination (2023)Indonesia$292M

In 2023 Liquid Fuel Furnaces were the world's 698th most traded product (out of 1,217).

In 2023, the top exporters of Liquid Fuel Furnaces were Germany ($565M), Italy ($363M), South Korea ($249M), China ($224M), and United States ($222M).

In 2023, the top importers of Liquid Fuel Furnaces were Indonesia ($292M), United States ($212M), Germany ($175M), China ($141M), and Turkey ($102M).

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Exporters of Liquid Fuel Furnaces (2023)
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Importers of Liquid Fuel Furnaces (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$208M
Top Destination Growth (2022 -  2023)Indonesia$61.3M

Between 2022 and 2023, the exports of Liquid Fuel Furnaces grew the fastest in South Korea ($208M), United States ($36.9M), Germany ($28.4M), Turkey ($28.2M), and France ($14.5M).

Between 2022 and 2023, the fastest growing importers of Liquid Fuel Furnaces were Indonesia ($61.3M), United Kingdom ($22M), Turkey ($19.9M), Kazakhstan ($14M), and Portugal ($10.2M).

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Exporters of Liquid Fuel Furnaces (2022 - 2023)

Importers of Liquid Fuel Furnaces (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Liquid Fuel Furnaces.

In 2023, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Liquid Fuel Furnaces are explained by 18 countries.

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Value of Exports in Liquid Fuel Furnaces

Net Trade

TOP NET EXPORTER (2023)Germany$390M
TOP NET IMPORTER (2023)Indonesia$291M

This map shows which countries export or import more of Liquid Fuel Furnaces. Each country is colored based on the difference in exports and imports of Liquid Fuel Furnaces during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Liquid Fuel Furnaces were Germany ($390M), Italy ($280M), South Korea ($191M), China ($82.9M), and Denmark ($44.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Liquid Fuel Furnaces were Indonesia ($291M), Russia ($54.7M), Turkey ($39.2M), France ($35.2M), and India ($34M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Liquid Fuel Furnaces, disaggragated by their HS6 level were Parts of furnace burners, associated equipment ($1.09B), Furnace burners for solid, gas or... ($931M), Furnace burners for liquid fuel ($427M), and Mechanical stokers, grates, ash dischargers, etc ($187M)

HS6 Disaggregation for Liquid Fuel Furnaces (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Liquid Fuel Furnaces.
It is possible to select the main countries that export or import Liquid Fuel Furnaces in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Liquid Fuel Furnaces by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $6.26M
TOP IMPORT POTENTIALGermany+ $4.91M

Liquid Fuel Furnaces’s highest export potential is India. With an export gap of $6.26M.  Liquid Fuel Furnaces’s highest import potential is Germany with an import gap of $4.91M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Liquid Fuel Furnaces.

Country by Relatedness

The following visualization shows the relatedness of Liquid Fuel Furnaces to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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